NASCAR Betting at Bally Bet Sportsbook

Since its first ever race at Daytona Beach in 1949, NASCAR has expanded to feature over 100 tracks across the U.S., as well as in Mexico, Canada, and Europe. Its growth in popularity shows no signs of slowing down soon, and the organization now hosts 1,500+ races across 48 U.S. states.

Here at Bally Bet, you can place wagers well in advance with a bet on the Cup Series Championship or tap into the fast-paced nature of the sport with live betting. If you're looking to learn all about NASCAR betting this season, our comprehensive guide covers all angles. Read on as we explain the different NASCAR bet types and provide a few tips and strategies to consider for your next wager.

Popular Types of NASCAR Bets

Before you get started, it's important to understand the best available NASCAR bets. See how the main betting options - moneyline, futures, and parlays - look in the context of stock car racing.

Moneyline

This is the simplest bet of all NASCAR wagers. All you have to do is predict the winner of the race (also known as the outright winner). For this type of wager, you'll see odds assigned to each driver based on what their final positions are expected to be.

Let's say Danny Hamlin is listed as a favorite to win the Daytona 500 race with odds of +350. If you place a $100 bet on him to win, the wager could return a $350 profit. On the other hand, Ryan Preece has not yet won a NASCAR race, so he has much longer odds. Let’s say he has odds at +3500. A $100 bet could potentially win you $3,500.

Props

With this type of bet, you can wager on all sorts of aspects of the race, such as individual driver performances and other events that aren't directly linked to the final outcome.

You can bet on how many drivers you think will make it to the finish line at the Daytona 500. For instance, if the line is set at 28, you could bet the under for 27 or fewer drivers to finish, or bet the over for 29 drivers or more to cross the line before the checkered flag flies.

Parlays

A parlay bet allows you to place multiple wagers at one time. To win it, all your individual bets must win. If any one or more of those loses, the entire parlay does.

Let's say you place a moneyline bet on each of three separate NASCAR races, combining them into one parlay bet. If one driver doesn’t win their race, your entire parlay bet loses. Another example might be you wagering on Daniel Suarez to be the outright winner and Michael McDowell to finish that same race within the top three.

Futures

You place a bet on an outcome to happen within the coming weeks or months. It might even be possible to bet on the outcome of an event years into the future, but these bets usually cover a competition within the current season.

So, if you place your futures bet earlier on in the season, your odds will be much longer. Odds are typically available mid-season, but they'll have been adjusted depending on how the season progresses. Typically, the available lines will be shown as moneyline bets, like:

• Martin Truex Jr. (+250)

• Joey Logano (+350)

• Kyle Larson (+450)

• Brad Keselowski (+2500)

• Kurt Busch (+3000)

Live NASCAR Betting

With Bally Bet Sportsbook, you can enjoy in-play NASCAR betting. You get to watch the action - and its impact on your bets - in real-time as the event unfolds. You can even make additional bets based on new information. Most of the major betting types are available live, and that normally includes outright winners and podium finishes.

NASCAR in-play betting is available any time after the race begins. Once it's started, we'll remove the pre-race betting lines and switch to the live betting odds. These odds change constantly depending on what's happening in the race. For example, a driver might start the race as the favorite but fall back after several laps.

NASCAR Betting Tips

Lots of bettors wonder how they can make smarter bets on NASCAR. We'll walk you through some betting tips that can help novices and seasoned bettors alike make more informed decisions when you wager.

Watch the qualifiers

The NASCAR season starts with qualifying runs for each of the drivers. This determines their position for race day. If a driver qualifies in a great position, this means that they get to start at the front, which is beneficial for a number of reasons.

Some race tracks, like Phoenix, are designed in such a way that makes it difficult to pass cars. If a driver starts at the front for this track, the other drivers will have to push harder if they are going to pass and get ahead. But if the race track is easier, then the starting position is not quite as important, because passing other cars will be much easier.

Home-track advantage

Unlike in other sports, playing at home has little proven advantage for a NASCAR driver. The debate over this gets a lot of airtime and you could do worse than to consider how far and across how many time zones a driver has traveled to reach a given racetrack. But they don't get the same benefits from racing at home as, say, a soccer team playing on familiar terrain with more fans would. It's an interesting factor to consider, yes, but don't pin everything on it.

Consider the track

NASCAR drivers race on various types of tracks such as road courses, dirt tracks, and super speedways. They vary in length: short track, 1.5-mile track, and Super Speedways. It's important to do your research and consider performance history.

Some drivers excel and perform better on different tracks. All this information - including past race results and trends- is available, and it's information you can apply to understand which driver can be expected to do well on any given track.

Match up good drivers with the tracks they like and which ones they have performed the best on in the past. For example, Jimmie Johnson favors Martinsville, whereas Tony Stewart tends to perform well in Chicago.

Analyze the team and crew

Each NASCAR driver has a dedicated team that helps to make sure that the race runs smoothly. People like pit crews work behind the scenes and have a huge impact on the overall performance. It's a good idea to understand who the crew members - and how they all work together - are for certain drivers.

Some NASCAR owners also have multiple drivers — teammates, essentially. These drivers will usually have the same overall goal and mindset for winning races. They'll often work together to help the "better" car stay ahead of the other drivers chasing them down. Strong teammates who work well on a strategy are vital when it comes to the outcome of the race.

NASCAR Betting vs. Formula 1 Betting

NASCAR and Formula 1 have similar racing philosophies and they both also have an exceptional cultural reach. With that said, there are some clear differences. While NASCAR primarily focuses on endurance and uses stock cars, Formula 1 focuses on precision engineering and high-speed courses.

NASCAR races last for around four hours, whereas Formula 1 races are considerably shorter and around the two-hour mark. Overall, the competitiveness of NASCAR racing, combined with attractive odds, makes it such a popular sport in the U.S. But ultimately, the NASCAR vs. Formula 1 debate is subjective, and the one you favor will come down to preferred racing styles and technology.

Bet on NASCAR with Bally Bet Sportsbook

You can enjoy a range of live betting odds with just a few taps on your mobile device. Whether you're using a smartphone or tablet, you can follow all the action as it happens live when you use the Bally Bet Sportsbook app.